Riding The Wave News Summary 173
Coinbase wins approval to offer crypto futures trading in US, Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products, & more.
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Table of Contents
Tweets
Coinbase wins approval to offer crypto futures trading in US
Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products
Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet
Tweets
https://twitter.com/KobeissiLetter/status/1691535947723108353
https://twitter.com/BTC_Archive/status/1691756577097687110
https://twitter.com/BTC_Archive/status/1691807612096942469
https://twitter.com/MatthewHyland_/status/1691756872221471129
https://twitter.com/KobeissiLetter/status/1691789658487701610
https://twitter.com/adamkhootrader/status/1691397274524631040
https://twitter.com/KobeissiLetter/status/1691493719453708312
https://twitter.com/WatcherGuru/status/1691414129741832193
https://twitter.com/disclosetv/status/1691141750318837774
https://twitter.com/GameofTrades_/status/1691143899488595989
https://twitter.com/_Checkmatey_/status/1690901653514555392
https://twitter.com/StockmoneyL/status/1690780350178349056
https://twitter.com/TaviCosta/status/1690936237061025794
https://twitter.com/AurelienOhayon/status/1690742371841925120
https://twitter.com/StockmoneyL/status/1690820196104028161
https://twitter.com/WhaleChart/status/1690996776201785344
https://twitter.com/charliebilello/status/1690830585986514944
Coinbase wins approval to offer crypto futures trading in US
Aug 16 (Reuters) - Coinbase Global (COIN.O) said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC).
The move will allow Coinbase to offer bitcoin and ether futures directly to eligible U.S. customers. Until now, only its institutional clients could trade in such products.
The NFA approval, which came nearly two years after Coinbase filed its application, could allow the company to expand into a largely untapped market.
The global derivatives market represents almost 80% of the entire crypto market, with leveraged bets on futures and other derivatives often at the root of volatility in the wider market.
Binance to Shut Down Crypto Payments Service Amid Refocus On Core Products
Crypto exchange Binance to shut down its buy-and-sell service Binance Connect, formerly known as Bifinity, just one year after its launch, the company said in a statement.
The service will be disabled on Aug. 16 as the crypto exchange wants to refocus on its main products and long-term goals, according to Binance.
Binance Connect, which allowed merchants to accept payments in crypto, launched in March 2022 in an effort to help companies become “crypto-ready,” the exchange said back then. The service supported 50 cryptocurrencies and all major payment methods, including Visa and Mastercard.
Shiba Inu’s Shibarium Ethereum L2 blockchain goes live on mainnet
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